Min of Commerce to come up with solutions for SME exporters impacted by strong Baht

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BANGKOK, 20 May 2013 – The Ministry of Commerce is currently drawing up measures to help SME exporters impacted by the rising baht.

Mr. Boonsong Teriyapirom, Commerce Minister says the Thai currency continues to rise and affecting Thai SME exports especially those using local raw materials such as food, clothes and jewellery.

In a seminar for SME business entrepreneurs last week, the minister said participants echoed their problems arising from the stronger baht and discussed ways to survive the situation. The Commerce Ministry suggested them keep a close watch on the fluctuating baht currency, draw up backup plans and place greater emphasis on domestic and neighboring markets.

As for the rising cost of production, the government will put more efforts to keep prices of raw materials as low as possible. Mr. Boonsong also said that during the Prime Minister’s upcoming visit to Japan, the Ministry of commerce will take SME entrepreneurs to meet with Japanese business people for chances of market expansion.